Cullumber Sales Company uses the retail inventory method to value its merchandise inventory. The following information is available for the current year: Cost Retail $ 42000 $57000 Beginning inventory 310000 380000 Purchases 3700 Freight-in 9700 Net markups 16000 Net markdowns 1000 Employee discounts 325000 Sales revenue If the ending inventory is to be valued at the lower f-cost-or-market, what is the cost-to-retail ratio? $355700 $430700 $355700 + $446700 $355700$437000 $352000 $453000